Park Avenue Securities LLC Has $339,000 Position in iShares MSCI Brazil ETF (NYSEARCA:EWZ)

Park Avenue Securities LLC cut its holdings in shares of iShares MSCI Brazil ETF (NYSEARCA:EWZ) by 29.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 10,467 shares of the exchange traded fund’s stock after selling 4,353 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares MSCI Brazil ETF were worth $339,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley increased its position in shares of iShares MSCI Brazil ETF by 35.6% during the third quarter. Morgan Stanley now owns 9,253,730 shares of the exchange traded fund’s stock worth $283,812,000 after buying an additional 2,428,079 shares during the period. FIL Ltd increased its position in shares of iShares MSCI Brazil ETF by 8.8% during the 4th quarter. FIL Ltd now owns 4,340,670 shares of the exchange traded fund’s stock valued at $151,750,000 after purchasing an additional 351,165 shares during the last quarter. Bank of Nova Scotia lifted its position in shares of iShares MSCI Brazil ETF by 383.9% during the 4th quarter. Bank of Nova Scotia now owns 3,552,853 shares of the exchange traded fund’s stock valued at $124,208,000 after buying an additional 2,818,566 shares during the last quarter. Bridgewater Associates LP purchased a new position in iShares MSCI Brazil ETF in the 4th quarter valued at approximately $96,166,000. Finally, OLD Mission Capital LLC purchased a new stake in shares of iShares MSCI Brazil ETF in the fourth quarter worth about $58,247,000.

iShares MSCI Brazil ETF Stock Performance

NYSEARCA:EWZ opened at $27.33 on Monday. iShares MSCI Brazil ETF has a 52-week low of $26.83 and a 52-week high of $35.74. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 5.65 and a beta of 0.93. The stock has a fifty day moving average of $29.94 and a 200 day moving average of $31.98.

iShares MSCI Brazil ETF Profile

iShares MSCI Brazil Capped Index Fund (the Fund), formerly iShares MSCI Brazil Index Fund, seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Brazilian market, as measured by the MSCI Brazil Index (the Index).